The following article by Brett Samuels was posted on the Hill website November 26, 2017:
Meredith Corp., a publisher backed by GOP mega-donors Charles and David Koch, announced on Sunday it was buying Time Inc. for $1.8 billion, according to multiple reports.
The publisher said it would acquire Time’s outstanding shares for $18.50 per share, Reuters reported.
The two companies said the deal had been unanimously approved by their respective boards and would close sometime early next year, according to the Associated Press. Continue reading “Time Inc. to be acquired by company backed by Koch brothers”